well, it will affect them immediately, but businesses since 1938, when we put the first minimum wage law have said you do this, set this standard, it will destroy jobs, destroy the economy. we are far richer and have far more jobs than we had in 1938 and in every year since we've raised the minimum wage. i believe in high standards. we set standards for things like pollution control, mileage, worker safety, overtime. >> and those things cost a little bit more for your businesses. >> of course they do. every time we do, businesses squawk and yell. we are very good at adapting, figuring out new ways to do things and getting to a better place. it's important to put a floor under wages. wages are not trickling down from the krechceo to entry leve workers. >> it's a moral imperative, putting money into the hans of people who are the very lowest rungs of the letter. there are others who say the people at the lower rungs of the ladder, there are actually people, teenagers who come from middle class families. it may not be flowing into the poorest americans. is the middle wage, is it what we can